Jinchuang Group (603680.SH) plans to sell KHY assets and signs a memorandum of understanding to control international trade risks

Zhitongcaijing · 01/20 12:09

Zhitong Finance App News, Jinchuang Group (603680.SH) announced that due to the current complex and changing international trade environment, KHY's holding subsidiary KHY Electronic India Private Limited (“KHY”) has limited business development and is in a state of continuous loss. In order to focus on the company's strategic direction, focus on the company's core business, control international trade risks, and increase cash flow reserves, after careful management decisions, KHY plans to stop related business and transfer its main assets Make a sale.

On January 18, 2025, after friendly negotiations, Khy signed an MOU with Ismartu India Private Limited (“Ismartu”) to sell these assets to Ismartu. The transaction consideration is tentatively set at INR 1.33 billion (excluding tax), which is RMB 112 million (excluding tax) at the current exchange rate. The transaction is still in the preliminary planning stage, and the transaction plan still needs further negotiation and verification. The specific transaction plan and transaction terms are subject to the final signed formal agreement.